Debt Consolidation FAQ, Consolidate Credit Cards, Credit Counseling Debt Management

Kimberly Credit FAQ's

Debt Consolidation FAQ's

Can I still use my credit cards?
Since your creditors know you have a sincere desire to get out of debt, usually the accounts that you have included in your debt management program are either frozen or closed until you are debt free.

Do I have to put all of my creditors on your program?
No, it is entirely up to you which accounts you include in the program. Many people choose to keep at least one credit card for travel or emergency purposes.

Can you help if I am being charged late fees and if I'm past due on my accounts?
Most creditors will waive late fees, over limit fees and will bring your accounts current. Most creditors will also re-age your account (showing no behind payments are due) once enrolled in our program.

Should I consider getting a consolidation loan instead?
We don't recommend it. Besides, loans are what got you into trouble in the first place. Most unsecured loans have high interest, and if you get a home equity loan you are now securing the amount of the loan (and in this case it 's your credit card debt) with your home. If you default (not make a payment) you could jeopardize loosing your home.

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